We discussed the Yen/S&P relationship. In fact, we refer to the relationship, a lot; it is that important. As the Yen continues to rise and trade towards it’s respective immediate resistance level, we can expect and should prepare for further downside risk in the stock market. Why? Cause the chart doesn’t lie. The Yen is moving upward and the S&P 500 is moving downward. Based on the close, yesterday, we fully expected the Yen to trade into immediate resistance.
ok, but if it doesn't, don't give us anymore of this fortune teller lingo, where no matter what you say "we" are always right. so you made your call, "Yen to trade into immediate resistance" not very bold at this point. I hear nobody else predicting a big move. General consensus is we are heading to 130 but if it moves big, you are wrong
The key word is "IF" it dosen't and "IF" it dosen't we will manage our risk. We made the call on Sunday and it did what we said it would. We do not rely on anybody or any consensus but our team because we all trade the same system. We have the ability to make our own decisions and do not rely on others opinion. I am not sure why my input bothers you. The S&P 500 has traded into immediate support. This is the 1st Turning Point that was identified. The index traded into and was able to close above the level we identified. Based on how the Yen has been performing, we wouldn’t consider this a rally away (up) from the support level. As the recent pivot on January 7, 2014, was weak in our opinion, we are leaning towards the likelihood that the S&P will trade lower. As we do not have control over the markets, this is why we are maintaining both short and long positions in the indexes to protect the risk/dollars. The retail sales data did not beat the forecast (5.14%) so we will see continued pullback in the markets. We are suggesting that as long as Yen continues higher and if the major sectors do not trade down into their next support levels, we are refraining from adding new positions. Based on a number of pending investment ideas that we have outstanding, we feel we are in a good position. Just want to share our insight because it is accurate
yes, "we" know the keyword is "if" it's the biggest word in predicting. Get yourself a good "If" and you can predict darn near anything and still be right. if it goes higher, it could go a lot higher but if it goes lower, it could go a lot lower if it doesn't go anywhere, it could not go anywhere for a long time I agree, when it comes to predicting, the keyword is "IF"
Im'm not sure what your point of engaging in this conversation is. Why does saying "we" bother you? I just don't not want to take full credit as I do work with a mastermind group. No one can predict what is going to happen but a call may be made based on price action coupled with macro economic data and correlations. "If" the markets do this then we will do this and "if" it dosen't we will do that. I am not sure what the issue is. Do you think our analysis is false? Do you have questions? The only lingo I'm speaking is experienced trader.
All of my team's investments for the last 2 years are available online at our financial education website. Regardless, how does the verification of our track record disprove our analysis of the Yen/Equity correlation? We commented on Monday and followed up on Wednesday. Again, I am not sure why you are attacking me and what the point of engaging in this conversation is. If you disagree we can participate in a dialogue. If not, I wish you nothing but success.
ok, I'll go short the yen, like everybody else, I'm looking for 130, but it could be a rocky road getting there and it's a real bitch in my case, because I'm shorting it against EUR otherwise, I'm always long the S&P, how could anybody in their right mind not be? We're not sure what you are trying to sell, but we have heard it many times before perhaps if I pay you I will get a tip? Maybe what I should sell or maybe what I should buy? yeah, life is going pretty bad for me right now. I would be willing to pay for a tip, someone who tells me what "we" do.
This week we are looking for bullish/long opportunities in Swiss Franc and the Hong Kong sector. Bearish opportunities can be seen in the German sector, Euro, and Loonie. Anyway, I'm getting on the road. Have a good remainder of your day.
what is that? wealthybucket.com? next time I am searching for some info with integrity, I will remember that